Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.21.2
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2021
Accounting Policies [Abstract]  
Schedule of estimated useful lives of property and equipment
Depreciation of property and equipment is provided using the straight-line method based on the following estimated useful lives:

  Years
Computer equipment
3 - 5
Computer software 3
Furniture and fixtures
5 - 10
Leasehold improvements 5
Website development 2
Property and equipment consisted of the following at September 30, 2021 and December 31, 2020 (dollars in thousands):
 
September 30, 2021 December 31, 2020
Computer software $ 1,253  $ 1,226 
Computer equipment 8,853  7,965 
Furniture and fixtures 1,181  1,152 
Leasehold improvements 1,347  1,064 
Total 12,634  11,407 
Less: accumulated depreciation and amortization (9,348) (7,902)
Property and equipment, net $ 3,286  $ 3,505 
Schedule of estimated useful lives of identified intangible assets The identified intangible assets are being amortized using the straight-line method based on the following estimated useful lives:
Years
Marketing-based 7
Technology-based
4 - 10
Customer-based
7 - 16
Trademark-based 4
Workforce-based 10
Identified intangible assets consisted of the following at September 30, 2021 (dollars in thousands):

Cost Accumulated
Amortization
Carrying
Amount
Weighted Average
Remaining Life
(In Years)
Marketing-based $ 1,400  $ (1,234) $ 166  2.21
Technology-based 18,300  (15,224) 3,076  2.30
Customer-based 27,700  (9,987) 17,713  8.62
Workforce-based 380  (25) 355  9.35
$ 47,780  $ (26,470) $ 21,310 
Identified intangible assets consisted of the following at December 31, 2020 (dollars in thousands):

Cost Accumulated
Amortization
Carrying
Amount
Weighted Average
Remaining Life
(In Years)
Marketing-based $ 1,400  $ (1,144) $ 256  2.59
Technology-based 18,300  (13,484) 4,816  2.56
Customer-based 22,100  (8,484) 13,616  9.05
$ 41,800  $ (23,112) $ 18,688